![ivankerwin](/avatars/35098.jpg)
ivankerwin
05.10.2019 •
Business
Unemployment occurs when workers do not have the required skills for existing jobs.
Solved
Show answers
More tips
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
Answers on questions: Business
- B Business ANSWERED Drag the tiles to the correct boxes to complete the pairs. Match the kind of purchase risk involved to the scenario that portrays it. Lilly is looking to invest...
- B Business What can a database designer create to make it easy for people to create records? A. A query B. A form C. A report D. A field...
- B Business When two or more firms join to form a new company, which often takes on a new corporate identity the transaction is referred to as a(n) ___. A.acquisition B.bribe C.IPO...
- B Business PRINCIPLES OF ACCOUNTS Long answer Answer the following question and upload a photo of the answer.Write up the Day Books for the following, then post to the relevant...
- H History Differentiate between American foreign policy during the isolationist period and foreign policy during the Cold War....
- C Chemistry The Michael reaction is a conjugate addition process wherein a nucleophilic enolate anion (the donor) reacts with an α,β-unsaturated carbonyl compound (the acceptor)....
- B Biology The light reactions of photosynthesis generate ATP ATP and NADPH NADPH . The dark reactions utilize these products to drive the conversion of CO 2 CO2 into carbohydrate...
- C Chemistry What causes the hydrocarbons to condense (in a distillation process/ tower)(hint: they are non-polar)?...
- M Mathematics Evaluate 5+ 32 for (a) 2 = -2 and (b) 2 = 3....
- M Mathematics I want help ,i want an answer...
Ответ:
Cost of goods sold $1,211,910
Retained earnings $5,373,260
Explanation:
Calculation to Determine the corrected amounts for 2020 cost of goods sold
Using this formula
2020 cost of goods sold corrected amount = Beginning Inventory + Purchases - Ending Inventory
Let plug in the formula
2020 cost of goods sold corrected amount =[$1,299,500-(-$120,230+$32,640)
2020 cost of goods sold corrected amount = $1,299,500-$87,590
2020 cost of goods sold corrected amount=$1,211,910
Therefore the corrected amounts for 2020 cost of goods sold will be $1,211,910
Calculation to Determine the corrected amounts for December 31, 2020, retained earnings.
Revised retained earnings = $5,405,900 - $32,640
Revised retained earnings = $5,373,260
Therefore the corrected amounts for December 31, 2020, retained earnings will be $5,373,260